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Consortium of eight banks provided the loan and facility contains 'rendevous' clause for switch to green purpose loan
Paul Gibbs among those departing the firm after long service
More robust growth expected in 2026
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Ivory Coast has closed a €300m seven year loan, as African sovereigns turn to the market for medium-term funding, with bankers expecting more to follow.
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UBS has appointed Sarah Mackey as head of leveraged finance for Europe, the Middle East and Africa. -
Standard Bank is expected to raise $1bn in the loan market, up from an initial target of $500m, and slash the pricing of a three year loan by roughly 30bp.
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Low & Bonar has asked its lenders to waive covenant testing on its credit facility, as the UK polymers company battles through a tough trading period and tries to ensure its acquisition by a German rival goes ahead.
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The UK Treasury office has formally approved guidance on how know your customer (KYC) is implemented in the syndicated loan market, using a draft rewritten by the Loan Market Association after the initial inception was deemed too punitive.
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Birmingham Airport has sold 30 and 31 year US private placements, as airports and port operators in Australia and Europe carve out a healthy chunk of market volume.
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